BUSINESS

Ernst&Young: M&A market soars to EUR 270 M

Mergers and acquisitions during Q1 this year amounted to a total EUR 270 M, representing an increase from the same interval of 2010, to which adds another EUR 206 M in transactions conducted at global scale, which involved Romanian subsidiaries, sources with the financial consultancy and auditing firm Ernst&Young (E&Y) announced, quoted by Mediafax. E&Y did not disclose the value of the M&A market in the first quarter of 2010, but according to data released by Capital Partners it amounted to EUR 178 M. “The M&A market is slowly recovering… The expectations regarding the Romanian market are positive for the second half of the year. The demands we received from investors show there is an interest. Investors from the Middle East (India) want to enter Europe via Romania. They are interested by fields like agriculture, industrial products and manufacturing, IT and renewable energies. We expect it to increase in number and value during the next quarters,” Cornelia Bumbacea, partner with Ernst&Young Romania said yesterday.

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